This Property was purchased in October 2023 and Leased for $1350 in December 2024. The Purchase Price was $120,000 and the Rehab was $18,775 for a total of $138,775.
This tenant has been in the property for 29 months and we have had 1 rental increase during this time.
Let's look at the money deposited in this clients bank account
2024 $10,384
2025 $ 5,036
For a grand Total of $15,420
This property with some added rehab is worth approx $180,000 That is $ 41,255
Let's look at the numbers
$15,420 + 41,255= $56,676
That is a 17% return so far on this property. The key here is having a 36 month tenant or longer which I believe we have.
Longer tenants - Less Rehab
1200+ Properties and counting and a 99.5% Success rate
Contact Brett 216-703-5740 Key Realty and Property Management
Go to https://realincomeproperties.blogspot.com/ to view what our clients make with our real estate
Need Property Management? Go to https://pmohio.org/
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Thank you